Bridge Logistics Properties is continuing its Southern California shopping spree with one of the biggest single-asset industrial deals in the region this year. Its Bridge Investment Group industrial entity bought a 1.1 million-square-foot warehouse at 10681 Production Avenue in Fontana for $174 million, Commercial Observer reported. The price works out to $158 per square foot. The seller’s identity was hidden behind an LLC. It was one of the most-expensive transactions for an Inland Empire facility so far this year. The record is held by Burlington Distribution’s purchase of a 900,000-square-foot Riverside distribution center from BlackRock in April for $257 million, […]
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